F is employed by a public corporation. In year 1, F was granted a stock option to acquire 4,000 shares from the treasury of her employers corporation for $11 a share. At the time of receiving the option, the shares were valued at $13 per share. In year 3, F exercised the option and purchased 4,000 shares for $44,000. At the purchase date in year 3, the shares were valued at $12 per share. In year 5, F sold 4,000 shares for $17 per share. What amount is included in Fs employment income for tax purposes in year 3?